3 Responses to Stray Voltage

So the bear market that Ronald Reagan had in 1981 and 1982 was not thanks to Carter’s, but Reagan’s own doing. That wasn’t the story at the time. This stock market collapse has been predicted since late last year (and by some like Peter Schiff for years — my blog today talks about the failure of the economic punditry class). This collapse isn’t Democratic or Republican, but a failure of America’s culture and approach to economic policy over the last few decades — I’ve noted this as the failure of Reaganism. The decline can no longer be denied or mocked and ridiculed (well, you can, but it now rings a bit hollow).